Short ABFRL elliot wave formation completed at resitance price ! best risk reward 1;4
just in couple of days ( nearly 7 _10 days )
ABFRL trade ideas
Fresh Breakout in ABFRLAditya Birla Fashion Retail Limited Looks Bullish for Short Term on Daily and 4-Hourly Charts. I am Buying Stock at Current Prices @ 289 with Stoploss placed below 269 (50% Fibonacci Retrenchment Level) Targets Expected are 320/340 in the next 7-10 Trading sessions.
Reasons To Buy ABFRL:
# Stock is able to sustain above Resistance of 283.50
# Volumes on the breakout is High.
# Stock managed to Close above 61.8% Fibonacci Levels.
# Options Data Suggest Bullishness in the Stock
ABFRL : Channel Support - Bounce backABFRL :
Channel Support taken currently and bounced back
Breaking 295 might lead to strong up move
AdityaBirlaFashion and RetailLtdTarget321Aditya Birla Fashion and Retail Ltd
NSE: ABFRL
Hi Aditya Birla Fashion and Retail Ltd Breakout level now in Fibonacci Retracement Levels crossed above 61% of 283.25 level.
BUY above 295 for long. NEXT TARGET 300, 321 of Fibonacci Retracement Levels 78% and 100%. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
ABFRL EQ LONGmest capital indicator has generated an alert of going long in equity for ABFRL
Timeframe: weekly
Entry : High price of candel
Stoploss: Low price of candel
Happy trading 🙏
FASHION IS CHANGING Aditya Birla fashion looking good on weekly charts it gives breakout on horizontal resistance trendline and given breakout on relative strength indicator too.
CAUSE OF LONG-:
1-Horizontal resistance trendline breakout.
2-Relative strength indictor breakout.
Best Breakout stock 21-07-2022nifty rally from 5 days there can be correction in the market hence trade as per the risk management
#Abfrl cash : Looks good above 270.10#Abfrl cash -Positional call
21.07.2022
Looks good above 270.10
And dips 260-262
Stoploss 240
Target 285/320/350
(Risk free above 285)
Cmp 269
Adity birla fashion on bull modeFocus on ABFRL - Travelling in ascending wedge, target 1 achieved today, having potential to reach 2nd target, if sustains above 260..
ADITYA BIRLA FASHION : BEARISHTake it as Double top or a Head and shoulder, the stock has broken the neckline and is re-testing the same near 256-260 zone. One should go short on the current levels and look for the target area of 200-197 in the coming weeks. Maintain SL of 280
Trendline Breakdown. Educational Purpose only.ABFRL made triple top pattern with negative divergence. It has broken it's trendline support and triple top base as well. Any bearish candle near it's retest level would be an perfect short entry.
abfrlabfrl given breakdown after long consolidation and now it is retesting the breakdown level. so short position can be created here.
ABFRL ready for bounce playBuy ABFRL FUT 234-240 for 248/255/260. Invalid below 228 on hourly close only. RSI below 30 showing oversold levels. ABFRL available near multiple trendline supports levels.
watch for support breakdown short below 244 in intraday
can trade for swing as well but need closing below 244 and stoploss 254 Daily Candle close.
For stoploss in Intraday use 5 minute chart and see nearest resistance.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapdown or bd before 9:20
If gapdown is more than 1% from bd level than avoid completely.
if less than 1% or gives bd before 9:20 than wait for
first 5 minute candle and entry below 5 minute candle
and revised SL above candle high
ABFRL Technical AnalysisHello Guys , Today I Have The Technical Chart of ABFTL it has made the Inverse head and shoulders a few days ago but now I think it can go to the Targets shown as it has came to the Neckline to Break and go on a Bull Trend and now lets talk about the target . So its target could be 273 . BTW It is Based on your Risk To trade on it or not and Don't Forget to Like the Idea and Follow The Channel for Regular Updates and Regular Ideas and also Now i am again Going To Make Regular ideas Bye-Bye .
Time Frame :- 15 min
Patterns Name :- Inverse Head and Shoulders
Symbol Name :- ABFRL ( Aditya Birla Fashion and Retail Limited )
Based on Your Own Risk this is only to Show you the Current Pattern .
We are not responsible for any profit or loss .
Fashion is poised for some days.@Charan08
please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Head and Shoulder PatternAditya Birla Fashion
Head And Shoulder Pattern
If neckline Broken will try to catch 178.
Triple Top Pattern (trend reversal) at ABFRLBe Cautious Triple Top Pattern (trend reversal) at #ABFRL weekly chart.
What Is a Triple Top?
The triple top is a type of chart pattern used in technical analysis to predict the reversal in the movement of an asset's price. Consisting of three peaks, a triple top signals that the asset may no longer be rallying, and that lower prices may be on the way.
Triple tops may occur on all time frames, but in order for the pattern to be considered a triple top, it must occur after an uptrend. However, the opposite of a triple is a triple bottom, which indicates the asset's price is no longer falling and could head higher.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #breakdown #tripletop
